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If the Price Elasticity of Demand for Pineapples Is 0

Question 2

Multiple Choice

If the price elasticity of demand for pineapples is 0.75, then a 4% increase in the price of pineapples will lead to a:


A) 3% decrease in the quantity of pineapples demanded.
B) 3% increase in the quantity of pineapples demanded.
C) 0.75% decrease in the quantity of pineapples demanded.
D) 0.75% increase in the quantity of pineapples demanded.

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